Jackpotting

C1 16+
  • Frequency of Use
    20 %
  • Retention Rate
    70 %
  • Complexity
    80 %
  • Jackpotting Meanings

    noun a form of cyber attack where criminals use malware to force ATMs to dispense cash

    verb to carry out a jackpotting attack

    Fields related to jackpotting

    Technology

    In the technology sector, jackpotting highlights the vulnerabilities of ATMs and the need for improved security measures.

    Criminal Justice

    In the field of criminal justice, jackpotting is considered a form of financial crime.

    Law enforcement

    Law enforcement agencies are involved in investigating and prosecuting individuals involved in jackpotting schemes.

    Banking

    In the banking industry, jackpotting is a serious concern as it can result in financial losses for the institution and potentially compromise customer accounts.

    Cybersecurity

    In cybersecurity, jackpotting refers to a type of attack where cybercriminals use malware to force ATMs to dispense cash, often in large amounts.

    Occupation Usage of jackpotting

    Banker

    A banker may encounter jackpotting when dealing with ATM machines and ensuring they are secure from hacking attempts.

    Law Enforcement Officer

    Law enforcement officers may come across jackpotting when investigating cases of ATM hacking and fraud.

    Cybersecurity Analyst

    Cybersecurity analysts may focus on preventing jackpotting attacks by implementing security measures on ATM machines.

    Financial Analyst

    Financial analysts may study the impact of jackpotting on banks and financial institutions' financial stability.

    Software Engineer

    Software engineers may be involved in developing software to protect ATM machines from jackpotting attacks.

    Risk Manager

    Risk managers may assess the potential risks and losses associated with jackpotting incidents for financial institutions.

    Ethical Hacker

    Ethical hackers may simulate jackpotting attacks to identify vulnerabilities in ATM systems and help improve security measures.

    Forensic Accountant

    Forensic accountants may investigate financial transactions related to jackpotting incidents to trace the flow of illicit funds.

    Compliance Officer

    Compliance officers may ensure that financial institutions have proper protocols in place to prevent jackpotting and comply with regulations.

    Fraud Investigator

    Fraud investigators may specialize in uncovering jackpotting schemes and identifying the perpetrators behind such fraudulent activities.

    Consolidated Statistics about jackpotting

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